Curators appointed to Herman Pretorius’s fund

3 Aug

Author:  Sasha Planting

Publications: MoneyWeb

Date Publiched: 03 August 2012

Pretorius’s business premises have been secured and locked down.

CAPE TOWN – The Master of the High Court has provisionally appointed three curators to take joint control of the Relative Value Arbitrage Fund Trust, a scheme run by the late Herman Pretorius.  The Relative Value Arbitrage Fund (RVAF) had an estimated 3 000 investors who are owed about R1.8bn.

This follows Judge Burton Fourie’s decision on Wednesday to grant an order to provisionally sequestrate the RVAF .

The application to sequestrate was brought on Tuesday by attorney Morné Strydom, a client of ………

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